Tanzania: Government Unveils 10-Year National Microfinance Plan

Thursday, November 2, 2017

The Vice-President Samia Suluhu Hassan has unveiled a ten-year National Microfinance Policy (NMP) in a bid to provide low income population with financial services.

The NMP that will run from 2017/18-2027/28 set to provide legal and regulatory framework that ensures a stable, vibrant and inclusive microfinance sub sector.

The Vice-President noted here yesterday the implementation of NMP would enable the low income population which was excluded from financial services to begin benefiting from the services.

“The implementation of NMP will provide an ideal environment for low income population to increase income,” observed the Vice President at a ceremony to launch the implementation of NMP.

Photo courtesy of Alison Wright.

Source: AllAfrica.com (link opens in a new window)

financial inclusion, microfinance, poverty alleviation